DAI Hit Record $240B in On-chain Transaction Volume Last Week
DAI’s $240B record weekly transaction volume eclipsed the rest of the stablecoins combined.
DAI’s $240B record weekly transaction volume eclipsed the rest of the stablecoins combined.
Banks like the LBBW are not partnering with crypto service providers to offer digital asset services as a result of MiCA clarity.
According to the reports, FIU identified “concerning matters” with the documents submitted by Crypto.com related to anti-money laundering compliance.
The token gives voting power to holders within SafeDAO. The goal is to give every SAFE token holder more authority as the project develops.
Arkham Intelligence taps into several big whale wallets, funds of which are trapped into DeFi bridges such as Arbitrum and Optimism. Crypto exchange Coinbase also has $75,000 worth of funds stuck for nearly six months.
PDVSA has recently begun accepting crypto payments for certain spot oil contracts that do not involve swaps.
Man City said the rarity of the NFTs is determined algorithmically. Owning five ultra-rare NFTs will grant access to a play-on-pitch experience, two tickets to a Manchester City match, and a limited-edition City shirt.
The United Arab Emirates emerges as the clear frontrunner in crypto adoption across the Middle East. Such an outlook aligns with the nation’s progressive stance on digital assets.
Mika Siivonen, a tax expert from the Finnish Tax Administration, explained that a lower number of reported traders often corresponds to a higher number of investors who have yet to declare their income taxes.
Ethereum continued its trend of outflows, recording its sixth consecutive week with a $34 million outflow.
Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.